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West Coast Cities Slam Brakes on Housing Production Amid Worsening Crisis

Up and down the West Coast apartment construction sites are falling quiet despite high demand in a worsening housing shortage. Fewer multifamily projects have broken ground this year from Seattle to San Diego in one of the slowest starts to apartment construction in a decade. In San Jose, no apartments have broken ground after more than 7,000 started construction last year. In Seattle, 3,433 apartments started building in the first six months, a drop of nearly 60% from the same time last year.

Public Storage to acquire Simply Self Storage for $2.2 billion

Self-storage operator Public Storage (PSA.N) said on Monday it has entered a deal to buy Simply Self Storage from Blackstone Real Estate Income Trust (BREIT) for $2.2 billion, as it looks to expand its market presence. Demand for storage space has waned from the heights of the pandemic, as people return to offices, and some analysts expect more consolidation in the sector….

REIT Trends in Property Sector Allocations by Actively Managed Real Estate Funds

One of the unique aspects of REITs is the large, actively managed, dedicated REIT investment community; actively managed funds represent 7% of REIT market capitalization and they have been a key element in REITs’ long-term success because of their combined real estate and equity investment expertise and analysis.

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Recent News

Force Majeure Language Proliferates in Leases

Force Majeure Language Proliferates in Leases

Force Majeure Language Proliferates in Leases One observer says almost every lease he has worked on includes language covering both the COVID-19 pandemic and future...

Altigo Year in Review

Altigo Year in Review

Altigo Year in Review December 21, 2020 | Heather Acey | WealthForge With the arrival of the pandemic, 2020 brought a substantial shift in the way business is conducted....

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Sentio Healthcare to Be Acquired for Estimated $14.65 Per Share

Sentio Healthcare to Be Acquired for Estimated $14.65 Per Share May 5, 2017 | by James Sprow | Blue Vault Kayne Anderson Real Estate Advisors (“KAREA”), the real estate private equity arm of Kayne Anderson Capital Advisors, L.P., Sentio Healthcare...

New Series: Why Nontraded REITs?

New Series: Why Nontraded REITs? May 5, 2017 | by Beth Glavosek | Blue Vault If you’re new to the concept of nontraded alternative investments, you may be wondering why financial advisors turn to these products as part of their investment recommendations. The...

Trump tax plan could bruise REITs

Trump tax plan could bruise REITs May 1, 2017 | by Will Parker | The Real Deal On Wednesday, Treasury Secretary Steven Mnuchin and National Economic Director Gary Cohn laid out the basic principals of the White House’s tax reform plan. While scant on many important...

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